This rivals the company’s last round from two springs ago in 2012, and takes ThreatMetrix’s total capital to more than $56 million.
In an interview with CIO magazine, ThreatMetrix CEO Reed Taussig discussed how his company uses Big Data and context-based authentication to help companies move beyond VPNs, hardware tokens, and one-time passwords. Instead, ThreatMetrix technologies analyze data ranging from information about employee devices to “transactional or application context.”
“Rather than deriving decision data from a single enterprise, ThreatMetrix customers share anonymous data globally. This increases the perspective, quality, and value of the data while driving down the cost of the enterprise.”
- The funding came as part of a Series E round
- The round was led by Adams Street Partners
- ThreatMetrix analyzes more than 500 million transactions daily
- ThreatMetrix’s technology secures more than 160 million active user accounts, covering 2,500 customers, and 10,000 websites.